Key insights
- An individual investor expresses concern over extreme single-day gains in their portfolio relative to their cost basis, viewing it as a sign of market instability or irrational exuberance. This sentiment, while anecdotal, suggests potential overvaluation in certain sectors or individual stocks, signaling caution for broader market participation.
I don’t say this to be braggadocious…but the number of times a stock I own has gained more per share in a day than what I paid per share is very alarming…like something is very amiss for that to keep happening as much as it is happening. I’d like that noted in the records please…
Just today the following occurred with stocks I own…
I have an average cost basis of $5.05/share for FLNC (Fluence Energy)…today it went up $5.19 to $24.16/share…
RKLB went up $26.89 today to $105.47…my avg per share cost basis is $4.83
MU went up $100.18 today to $746.81…my avg per share cost basis is $67.36
NVTS went up $2.41 today to $18.20…my avg per share cost basis is $2.57
Intel went up $15.30 today to $124.92…my avg per share cost basis is $19.82
Something is NOT right…This is banana land!!!